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20121228
20121228
STATION
MSNBCW 8
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SFGTV2 4
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Search Results 54 to 56 of about 73
to bring in mr. bob packer. you're a small business owner in herndon, virginia. tell me real quick, if there's no how will it affect your business? >> if tax rates income it will affect me a number of ways. it will hammer my ability to invest in equipment and hire new people. my individual tax rate will increase and that will put additional strain on an already financially-constrained environment and taxes will increase on my customers and that will prevent them from buying my products which reduces my revenue which, in turn, reduces the tax revenue. >> that being said, the small business owner community is very big but a lot of you guys know each other. what is the consensus? what is the talk among you guys about what's going on right now? >> i've worked with a lot of small business owners and i think really, a vast majority of those owners are in favor of keeping the tax cuts in place. they're also in favor of letting them expire on the wealthiest of vitds in this country and we think that's what's going to stimulate the economy. >> mr. packer we thank you for your time, again. e
, bob. we did. got it. >>> well, washington's division and dysfunction threatened our economic recovery, some american cities are working their way back after decades of tough times. recently, i traveled to youngstown, ohio, and caught a glimpse of hope deep in the rust belt. >> this is your father's first restaurant? >> the first one. >> what street was it, do you remember? >> wick avenue. >> wick avenue. >> my grandmother's lived in youngstown, ohio, for more than 95 years. >> yes, i've seen it in many different phases. my grandfather came here from greece. he opened a restaurant, the american dream. >> but he taught himself english. he taught himself to read the newspaper, and he became a very successful businessman. as he would say, only in america. youngstown was prosperous, and downtown youngstown was really prosperous. it was wonderful to go to downtown youngstown and be all dressed up in gloves and hat and going in and out of the shops and having lunch downtown. it was exciting. >> but that prosperity didn't last. youngstown ohio was the manufacturing backbone of this country bu
will concede that's the perfect term, ruthless skill. but, as bob woodward pointed out when he wrote this book about the grand bargain negotiations, it's not going to be looked at through this historical prism as the boehner era, this is the obama e.r.a. if the economists are right and things don't go well for the country, doesn't the president have to worry about that legacy of his? >> i agree with you entirely. i have argued from the beginning that republicans should hold out. that they had more strength than they thought. that obama wasn't holding all the cards. i think he has the advantage obviously because republicans in all the policy are the ones who will take the blame. but nonetheless, the larger issue, if you are obama, is not who is popular and who is not, he's won his last election. that doesn't matter anymore. what obama does care about and should care about is his legacy. if you go over the cliff he may get a bump temporarily and the republicans will take a hit but his legacy will be his second term. and if he wrecks the economy, as he would, by not being able to remedy the conse
Search Results 54 to 56 of about 73